Yellen says she wants to pressure China to restructure developing countries’ debt

NUSA DUA, Indonesia – Finance Minister Janet Yellen said she would pressure China to restructure loans to countries facing unsustainable debt burdens during the meeting of finance ministers from the group of 20 major economies this week.

China’s role as a creditor for many countries has been re-examined following an uprising in Sri Lanka that has led to the president fleeing the country. Some critics say that China’s generous lending to Sri Lanka fueled the current financial and political crisis in the country.

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